Romania Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Summary

The Romanian construction industry is expected to grow by 2.4% in 2025, supported by an increase in the absorption of the European Union (EU) funds, coupled with an increase in construction activities, evidenced by the rising number of building permits issued, alongside export activities. Growth will also be boosted by increased investment in transport and energy projects. According to the National Statistics Institute (NIS), the total number of residential building permits issued in the country rose by 3.4% year on year (YoY) in the first two months of 2025, preceded by an annual growth of 2.9% in 2024, while the total number of permits issued for wholesale and retail buildings grew by 5.4% YoY in the first two months of 2025. Furthermore, the total value of exports grew by 0.7% YoY in the first two months of 2025, preceded by an annual decline of 0.4% in 2024, according to the INS. In February 2025, Romania’s Parliament approved a national budget of RON802.2 billion ($174.6 billion), marking a 10.3% increase from the 2024 budget. The budget prioritizes economic growth, infrastructure development, sustainability, and public service improvements, while also aiming to reduce the fiscal deficit through policy reforms. However, the falling Foreign Direct Investment (FDI), elevated inflation, budget deficit and construction cost amid political uncertainty are expected to negatively impact demand and project financing, particularly for residential and transport infrastructure construction activity.
Over the remainder of the forecast period, the construction industry is expected to record an average annual rate of 3.7% from 2026 to 2029, aided by investments in transport infrastructure and renewable energy. In March 2025, the government allocated RON2.9 billion ($629.7 million) to the State Aid Scheme to support industrial development and green transition in the country

The Construction in Romania - Key Trends and Opportunities to 2029 (H1 2025) report provides detailed market analysis, information, and insights into the Romanian construction industry, including:

The Romanian construction industry's growth prospects by market, project type and construction activity
Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Romanian construction industry
Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Romania. It provides:

Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Romania, featuring details of key growth drivers.
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using the analyst's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

1 Executive Summary2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

Outlook
Latest news and developments
Construction Projects Momentum Index

4.2 Commercial Construction

Outlook
Project analytics
Latest news and developments

4.3 Industrial Construction

Outlook
Project analytics
Latest news and developments

4.4 Infrastructure Construction

Outlook
Project analytics
Latest news and developments

4.5 Energy and Utilities Construction

Outlook
Project analytics
Latest news and developments

4.6 Institutional Construction

Outlook
Project analytics
Latest news and developments

4.7 Residential Construction

Outlook
Project analytics
Latest news and developments
Key Industry Participants

4.8 Contractors
4.9 Consultants

5 Construction Market Data

6 Appendix

6.1 What is this Report About?
6.2 Definitions
6.3 CRI Methodology

About the Analyst
Contact the Publisher

List of Tables

Table 1: Construction Industry Key Data
Table 2: Romania, Key Economic Indicators
Table 3: Romania, Commercial Construction Output by Project Type (Real % Change), 2020-29
Table 4: Romania, Top Commercial Construction Projects by Value
Table 5: Romania, Industrial Construction Output by Project Type (Real % Change), 2020-29
Table 6: Romania, Top Industrial Construction Projects by Value
Table 7: Romania, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: Romania, Top Infrastructure Construction Projects by Value
Table 9: Romania, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: Romania, Top Energy and Utilities Construction Projects by Value
Table 11: Romania, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: Romania, Top Institutional Construction Projects by Value
Table 13: Romania, Residential Construction Output by Project Type (Real % Change), 2020-29
Table 14: Romania, Top Residential Construction Projects by Value
Table 15: Romania, Key Contractors
Table 16: Romania, Key Consultants
Table 17: Romania, Construction Output Value (Real, $ Million)
Table 18: Romania, Construction Output Value (Nominal, RON Million)
Table 19: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Eastern Europe, Construction Output (Real % Change), 2023-29
Figure 2: Romania, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
Figure 3: Romania, Risk Summary
Figure 4: Romania, Risk Regional Comparison
Figure 5: Romania, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
Figure 6: Romania, Construction Output Value, by Sector (Real, $ Million), 2020-29
Figure 7: Romania, Construction Value-Add (2020 Chain Linked Volumes, RON Million, Seasonally and Calendar Adjusted Data)
Figure 8: Romania, Gross Fixed Capital Formation (2020 Chain Linked Volumes, RON Million, Seasonally and Calendar Adjusted)
Figure 9: Romania, Construction Production Index (2021=100)
Figure 10: Romania, Construction Cost Index (2021=100)
Figure 11: Romania, Employment in the Construction Industry, In Thousands
Figure 12: Romania, Labor Cost index for Construction Industry (2021=100)
Figure 13: Romania, Construction Projects Momentum Index
Figure 14: Eastern Europe, Construction Projects Momentum Index
Figure 15: Romania, Commercial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 16: Romania, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: Romania, Total Tourist Arrivals (In Thousands)
Figure 18: Romania, Wholesale and Retail Building Permits (Number)
Figure 19: Romania, Wholesales Turnover Index (2021=100)
Figure 20: Romania, Hotel and Similar Type Building Permits (Number)
Figure 21: Romania, Industrial Construction Output by Project Type (Real, $ Million), 2020-29
Figure 22: Romania, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Romania, Manufacturing Production Index (2021=100)
Figure 24: Romania, Manufacturing Turnover Index (2021=100)
Figure 25: Romania, New Manufacturing Order Value Index (2021=100)
Figure 26: Romania, Total Merchandise Export (USD Million)
Figure 27: Romania, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
Figure 28: Romania, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Romania, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29
Figure 30: Romania, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Romania, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 32: Romania, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: Romania, Permits Issued for Administrative Buildings (Number)
Figure 34: Romania, Residential Construction Output by Project Type (Real, $ Million), 2020-29
Figure 35: Romania, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 36: Romania, Real-estate Value Add (2020 Chain Linked Volumes, RON Million, Seasonally and Calendar Adjusted)
Figure 37: Romania, Residential Building Permits Issued (Total, Number)
Figure 38: Romania, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 39: Romania, Headquarters of Key Consultants (% of Total Project Pipeline)

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